Urban Spatial Development: A Real Options Approach
2006/05/23
研討會日期 : 2006-05-23
時間 : 15:00
主講人 : 周治邦 教授
地點 : B棟110室
演講者簡介 : 周治邦教授為Ph.D. in Economics，University of Chicago（1992）。
現為台灣大學國際發展研究所教授。
其主要研究領域為財務經濟學、經濟制度及公共經濟學。
演講摘要 : This article investigates urban spatial development in a real options framework where a landowner irreversibly develops property in an uncertain environment. Land that is located far away from the central business district will be developed later, but on a larger scale regardless of whether uncertainty arises or not. However, land development will not continuously move outwards from the central business district under poor demand or supply conditions. It is also found that a landowner will develop property later, but more densely if (i) uncertainty becomes greater; (ii) the returns to undeveloped land are higher; and (iii) the development costs are expected to grow more slowly.
